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Warnaco in Venture to Expand India Presence
The Warnaco Group Inc. has forged a joint venture with Brand Marketing India, its current distribution partner in India, to market and distribute Calvin Klein Underwear, Calvin Klein Jeans, Calvin Klein Jeans Accessories and ck Calvin Klein branded apparel and accessories in India.
Warnaco will own 51 percent of the joint venture. As a result of the deal, certain Warnaco license agreements with Calvin Klein Inc. were amended to add India to Warnaco's licensed territories for Calvin Klein Jeans and Calvin Klein Jeans Accessories, as well as for ck Calvin Klein branded apparel and accessories. …